Rice price today 08/27/2022: rice price is stable

rice price today August 27, 2022: stable rice price today‘s rice price in the Mekong Delta provinces continues to move sideways with other types of rice. In the world market, the export rice offering price continues to move sideways. Currently, the price of 5% broken rice is at 393 USD/ton; 25% broken rice is 378 USD/ton, 100% broken rice is 383 USD/ton. Many businesses predict that the rice export market will become more vibrant in the coming time. The reason is that, in the current planting season, the total agricultural cultivation area in India, the world’s largest rice exporting country, has decreased by 13% due to lack of rain in some areas. Lack of rain is also occurring in many agricultural producing countries, including rice growing. Therefore, forecasts show that export prices may increase to 400 USD/ton in September compared to the current level of 365 USD (FOB).

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